USD/CAD 1H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Pair has been depreciating since the start of July. Therefore the emergence of a bearish pattern, in this case Channel Down, was expected. Short term technicals do not give clear aggregate signal, thus we might expect that pair could move along the pattern's resistance, as it was doing since the recent rebound from the pattern's boundaries, for some time more. Medium and long term technicals, however, give rather strong "sell"  signal on aggregate suggesting that pair is likely to start moving towards the pattern's resistance and maintain the bearish trend.

© Dukascopy Bank SA
Back to articles

Actual Topics

Thu, 25 Jul 2013 13:06:12 GMT

USD/HKD 1H Chart: Rectangle

For the last 10 days pair has been trading in a rather narrow 25 pip range and although visually it seems that the pair is rather volatile actually the movements are relatively smooth. As a consequence we have a pattern whose quality and magnitude ratings are just slightly above the average. Despite the fact that the pair  has recently bounced

Thu, 25 Jul 2013 13:09:32 GMT

EUR/JPY 1H Chart: Channel Up

It seems that EUR/JPY has resumed the uptrend and continue appreciating, after a short retracement. The pair has already formed a channel up pattern, which usually forms in uptrends. As aggregate technical indicators are "neutral" on 1H and 4H charts, and the slight majority of market participants is opening short positions, a retest of the support line can be expected.

Subscribe to "Fundamental Analysis" feed

订阅
欲了解更多有关杜高斯贝银行差价合约/外汇交易平台，SWFX和其它相关交易详情，
请致电我们或要求回电。
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
欲了解更多有关杜高斯贝银行差价合约/外汇交易平台，SWFX和其它相关交易详情，
请致电我们或要求回电。
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.